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Added on the 16/03/2015 16:43:24 - Copyright : Reuters EN
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The closing bell rings at the New York Stock Exchange as major Wall Street indices finish at fresh records, after disappointing US jobs data fueled confidence of continued fiscal and monetary support as the economy recovers from Covid-19. IMAGES
New York, Jan 27 (EFE/EPA).- Gaming retailer GameStop's shares continued to skyrocket on Wednesday in New York, as an army of amateur traders are beating Wall Street's sophisticated investors at their own game. The electronic game retailer has seen its stock price soar from $3.25 in April 2020 to close at $347.51 on Wednesday.The company has drawn interest from investors in online chat groups and created as much as $3 billion in value losses for short sellers. (Camera: ALBA VIGARAY). B-ROLL OF GAMESTOP STORES AND WALL STREET IN NEW YORK, US.
The closing bell rings at the New York Stock Exchange as the Dow concludes its best month in more than three decades, with gains propelled by expectations for a 2021 recovery based on coronavirus vaccine progress. The blue-chip index suffered a 0.9 percent drop in the session to finish at 29,638.64, but that's nearly a 12 percent gain for all of November, making it the best month since January 1987. The broad-based S&P 500 dropped 0.5 percent to 3,621.63, while the tech-rich Nasdaq Composite Index slipped 0.1 percent to 12,198.74. IMAGES
On Tuesday, global stocks jumped after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. On Monday, Trump took a significant step toward acknowledging the election result. However, Business Insider reports, he is still convinced he and his allies can continue to contest the outcome. Another key factor driving the boost is Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary. AstraZeneca's vaccine is helping drive oil prices to their highest levels since March.
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